Hello everyone, I invite you to review the SOL chart in pair to USDT, on a one-day timeframe. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range.
Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $22.38, the second support is at $19.68,...
Solana (SOL) technical analysis:
Trade setup : Price bounced off of $10 support and broke above $15 level with robust volume, making a Higher High, a sign of trend reversal. Price has reached our target $25-30 resistance zone, which also lines up with 200-day moving average and a long-term down trendline. That makes that a very stiff resistance zone. Hence, we...
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This one time in Mexico, I had too much Sol…both… 😩
It's banging its head against some nice resists in seems, a flip would be, nice.
Elliott wave, proportions wise, if...
After a sharp rally, the trend is now turning down in Solana, speculation surrounding FTX likely drove this one as of late. Current bearish trend will remain valid as long as price stays under $24.60 give or take.
Best of luck!
SOLUSDT is currently forming an ascending channel, a technical pattern where the price is moving between two upward-slanting parallel lines. This pattern suggests that the price is in a bullish trend and has a bullish outlook.
However, the price recently faced rejections at the 0.618 Fibonacci level resistance, which is a key technical level for traders.
My recommended trades are based only on the uptrend of the market. It will be opened in the time frame of 1 hour and at the end of the day, profit trading will be closed with any amount of profit. And only losing trades will remain open until they are liquidated. This trading strategy is backtested and works only in an uptrend.
SOLANA: Beware of The Bearish Wave
Considering that the crypto market is taking a pause these
days it means that the market already reached a very strong resistance zone.
It has a higher chance that SOLANA can do another bearish move down
during this day.
The overall picture is still bearish and the price is under the bearish
pattern as well.
Thank you and...
* Solana is on the double top now
* $26.60 was previous structure resistance with the two legs of the current double top
* Correction to next 61.8% fib at $14 to $15 will be next opportunity to be involved in LONG position ALSO is set on the previous source support on the green rectangle
* RSI is in the overbought zone and a negative divergence with price is...
seems to be a 4% short or so over the next few days. I am going to be trying something new with the model and I am not sure if I should publish it. Basically instead of forecasting 500 bars on a 5 min chart I'm going to go down to 1 or 2 minutes and see if there is still alpha.
Solana continues to trade near the resistance area.
The price has repeatedly failed to break through the resistance.
Trading volumes have declined.
I consider a possible reversal with a further decline.
Entry >>> 23.5
Stop loss >>> 21.5
Take pofi down be stupit. Pay your self!!
Take pfit >>>> 38!! Take AT LEAS5 50%.> 75% of total.
Srry for my lostig alot i cant figure you how to remove or udjust them 🙈🙅♂️🤷♂️
Yesterday I published sol/usd idea and My first and second entry orders were filled.
Solana will go from there.
We can see CPI data report in Feb 14,
Solana event grizzlython is coming, many developer are interested.
The biggest Main Changer is SAGA phone. If SAGA phone get a big success, we can see solana above 50 usd.
Hello everyone, let's look at the SOL to USDT chart on a 4-hour time frame. As you can see, the price is moving in the local uptrend channel.
Let's start with the determination of the support line and as you can see, in the first order, it is worth marking the support zone from $ 24.33 to $ 23.55, if the support is broken, then the next support is $ 22.79, then...